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Here is the empirically relevant point in this: these bonuses are contractual, and area a part of the overall compensation package agreed to by the board of directors in the executive contracts. None of the company execs "lost money for their company." If you have some sort of financial statement that would indicate that some exec has gotten a bonus outside the proscribed benefit agreement, I would be happy to look at it.

Corollary to philosophical fact: what you get in life is most often by agreement with other parties to whom you are beholden. When you receive a benefit WITHOUT an agreement or being beholden, you have the culture of entitlement that is now plaguing the US. When folks receive a benefit for say, breathing, that is not a reflection of a free people, but the jack boot of a dictator hoping to retain power.

Blah, Blah, Blah, Blah.....wrong is wrong.......then the laws of human nature kick in there Einstein..... .....don't believe me.....look around you.....
It's not an economic downturn......it's a reckoning.....

Blah, Blah, Blah, Blah.....wrong is wrong.......then the laws of human nature kick in there Einstein..... .....don't believe me.....look around you.....
It's not an economic downturn......it's a reckoning.....

I'd like to think that I could have a serious discussion with you. However, when I was a liberal, no one could do that with me, either.

What has happened here has one basic reason: banks were forced by the congressional and Senate banking committee heads to start making loans under the Community Reinvestment Act. These were loans that would have not passed muster under the old credit vetting system, but not enough constituents of these crooked politicians were able to get loans, so this change was forced on the banks. That means that fannie and freddy were the vehicles used to create the subprime loan phenomena. So, it was the government meddling in the free enterprise system that led to where we are now. The "reckoning" is sill to come, when our currency becomes worthless because our treasury is printing worthless paper like it is going out of style.

Now, if you think this problem exists because some bankers and executives are getting some bonuses that they are contractually owed, then you have some serious current events education to catch up on.

I'd like to think that I could have a serious discussion with you. However, when I was a liberal, no one could do that with me, either.

What has happened here has one basic reason: banks were forced by the congressional and Senate banking committee heads to start making loans under the Community Reinvestment Act. That means that fannie and freddy were the vehicles used to create the subprime loan phenomena. So, it was the government meddling in the free enterprise system that led to where we ar now. The "reckoning" is sill to come, when our currency becomes worthless because our treasury is printing worthless paper like it is going out of style.

Now, if you think this problem exists because some bankers and executives are getting some bonuses that they are contractually owed, then you have some serious current events education to catch up on.

You win AGAIN there buddy....you're just too smart for me to 'have a discussion with'.....
I feel so sorry for you getting stuck in this trade with all us dumb a$$es.....I bow to you AGAIN......

I can't begin to express how this post got me thought the tough days of treatment. I can remember one Friday night there were several of us on that night I lost track of time while hanging out here and suddenly notice it was well after 9:30 pm. I remember thinking how good it felt to hang out with friends and lost track of time.

I don't know if that makes sense to anyone unless you spend the better part of a year pulse sick as one can be with our a$$ stuck in a Recliner.